Common use of As of the Closing Date Clause in Contracts

As of the Closing Date. All Business revenues relating to the period from and after the Closing shall be the responsibility and property of Purchaser upon the execution of this Agreement. Revenues and expenses from the operation of the Business relating to the period after the Closing shall be the property and liabilities, respectively, of Purchaser.

As of the Closing Date. All Business revenues relating to the period from and after the Closing shall be the responsibility and property of Purchaser upon the execution of this Agreement. All of the Business' accounts receivable outstanding as of the execution of this Agreement which relate to services prior to Closing shall be the property of the Seller and no modification of the Purchase Price herein shall be undertaken whether or not such accounts receivable are collected by Seller. Revenues and expenses from the operation of the Business relating to the period after the Closing shall be the property and liabilities, respectively, of Purchaser.